The US$ is higher following comments from the new US Chief Economic adviser that he he was ok with a stronger dollar. This shift has triggered a few trend line breakouts with the commodity currencies being hit the hardest.
USDX daily: watch for any sustained recovery here.
Trend line breakouts and TC signals:
EUR/USD: there has been a small trend line breakout here but a TC signal prior to this offered a low risk set up that gave a great return on risk (R):
EUR/USD 4hr: before and after views of this breakout:
EUR/USD 15 min: a TC signal here for 70 pips that was a low risk set up and gave 7 R:
AUD/USD: no new trend line breakout but a decent enough drop and new TC signal during the US session that gave up to 2 R:
AUD/USD 4hr:
AUD/USD 15 min: a decent signal for 2 R during the US session on the back of renewed weakness:
AUD/JPY: a trend line breakout and new TC signal here:
AUD/JPY 4hr: 70 pips:
AUD/JPY 15 min: a 90 pip move with this TC signal worth 3.5 R:
EUR/JPY 4hr: weakness here but not going too far just yet:
Gold 4hr: weakness here too but, like with the EUR/JPY, not going too far just yet:
NZD/USD 4hr: weaker here but watch the monthly 200 EMA for any new make or break:
Other Forex:
GBP/USD 4hr: still consolidating:
USD/JPY 4hr: ditto:
GBP/JPY 4hr: a bit weaker but hardly convincing just yet:
GBP/NZD 4hr: worth watching a bit more closely:
Oil 4hr: ditto:
